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Sagar Cements Ltd posts higher Q2FY21 consolidated PAT of Rs. 50.27 crore
Posted On : 2020-10-21 18:26:00( TIMEZONE : IST )
SAGAR CEMENTS LTD. has reported financial results for the period ended September 30, 2020.
Financial Results (Q2 FY20-21) - QoQ Comparison
The company has reported total income of Rs.329.17 crores during the period ended September 30, 2020 as compared to Rs.264.91 crores during the period ended June 30, 2020.
The company has posted net profit / (loss) of Rs.50.27 crores for the period ended September 30, 2020 as against net profit / (loss) of Rs.36.13 crores for the period ended June 30, 2020.
The company has reported EPS of Rs.21.58 for the period ended September 30, 2020 as compared to Rs.16.16 for the period ended June 30, 2020.
| Financials | Q2 FY20-21 | Q1 FY20-21 | % Change |
| Total Income | ₹ 329.17 crs | ₹ 264.91 crs |  24.26% |
| Net Profit | ₹ 50.27 crs | ₹ 36.13 crs | 39.14% |
| EPS | ₹ 21.58 | ₹ 16.16 | 33.54% |
Financial Results (Q2 FY20-21) - YoY Comparison
The company has reported total income of Rs.329.17 crores during the period ended September 30, 2020 as compared to Rs.265.09 crores during the period ended September 30, 2019.
The company has posted net profit / (loss) of Rs.50.27 crores for the period ended September 30, 2020 as against net profit / (loss) of Rs.4.94 crores for the period ended September 30, 2019.
The company has reported EPS of Rs.21.58 for the period ended September 30, 2020 as compared to Rs.2.28 for the period ended September 30, 2019.
| Financials | Q2 FY20-21 | Q2 FY19-20 | % Change |
| Total Income | ₹ 329.17 crs | ₹ 265.09 crs | 24.17% |
| Net Profit | ₹ 50.27 crs | ₹ 4.94 crs | 917.61% |
| EPS | ₹ 21.58 | ₹ 2.28 | 846.49% |
Financial Results (6 months ended FY 20-21) - YoY Comparison
The company has reported total income of Rs.594.08 crores during the 6 months period ended September 30, 2020 as compared to Rs.610.74 crores during the 6 months period ended September 30, 2019.
The company has posted net profit / (loss) of Rs.86.40 crores for the 6 months period ended September 30, 2020 as against net profit / (loss) of Rs.34.49 crores for the 6 months period ended September 30, 2019.
The company has reported EPS of Rs.37.85 for the 6 months period ended September 30, 2020 as compared to Rs.16.41 for the 6 months period ended September 30, 2019.
| Financials | Half-Year Ended FY20-21 | Half-Year Ended FY19-20 | % Change |
| Total Income | ₹ 594.08 crs | ₹ 610.74 crs |  -2.73% |
| Net Profit | ₹ 86.40 crs | ₹ 34.49 crs | 150.51% |
| EPS | ₹ 37.85 | ₹16.41 | 130.65% |
Commenting on the performance, Mr. Sreekanth Reddy, Jt. Managing Director of the Company said, "We have had a good first half with sharp improvement in profitability despite challenging environment. Volumes and prices are gradually improving on the back of good demand especially in the rural areas. Further, improving labor availability and restoration of supply chains following unlocking of the economy, is expected to maintain the demand momentum going forward.
Steady realisations coupled with better efficiencies and cost containment has helped us in delivering higher profitability and margins. Rising share of CPP, savings from Waste Heat Recovery system, improving operations on cooler installations at SCRL, optimal fuel mix, close proximity of units to coal mines and ports have helped us in lowering our costs and maintaining higher efficiencies. In addition, the completion of MP and Odisha expansion should not only help us diversify our region & revenue mix but should result in further rationalization of our freight costs.
Another noteworthy development has been that the company has successfully achieved the standards as required for the following level of certification under the GreenCo - Green Company Rating system and received Green Co platinum Certificate Award from Confederation of Indian Industry (CII) for its best practices and achieved National Award for Excellence in Energy Management 2020 by CII for its grinding unit located at Bayyavaram.
Going ahead, improving product mix, access to faster growing markets, improving operational efficiencies and higher cash flows should help us in delivering steady and consistent growth going forward."
Shares of SAGAR CEMENTS LTD. was last trading in BSE at Rs.688.05 as compared to the previous close of Rs. 672.15. The total number of shares traded during the day was 10035 in over 913 trades.
The stock hit an intraday high of Rs. 695 and intraday low of 655.85. The net turnover during the day was Rs. 6795796.
